Antony Pinedo
Zero CAC? An inside look at the success of Nequi in Colombia
The most-used wallet in Colombia is navigating a route profitability without charging for basic services, and now its customer acquisition cost is ‘towards zero’. Its CEO explains the strategy so far – and its next steps to face new international competitors …
Nomad raises $61m in series B as Tiger Global returns to Brazil
The head of Nomad – the Brazilian fintech which raised a Series B led by Tiger – gives us a read on how the panorama for capital raising has changed since their last round. …
Mexican fintech Clara is moving to Brazil. Here’s why
Gerry Giacomán, Clara’s CEO, explains the unicorn’s decision to bet big on expansion in Brazil, bucking a trend for fintech retrenching in Latin America …
Where did the Latin American fintech boom go? Devaluations, retreats and layoffs
The industry is seeing first signs of recovering after mass layoffs and reversals in growth plans. But is there really light at the end of the tunnel, or is it just a mirage?…
Interest-bearing accounts: Fintechs vie to attract user savings
This week, we report on the growing competition in the region’s market for interest-bearing accounts….
‘We were very dependent’ — Two Mexican banks say no to external tech providers
As fintechs scale back their ambitions (and their workforces), two Mexican banks explain their decision to prioritize having strong tech teams and keeping development in-house…
The great fintech retrenching
This week, we explore the fintech retreat in Latin America, where companies including N26 and Addi are scaling back their internationalization strategies. Also, dLocal obtains a license as a payment platform in Brazil, two more fintechs get Mexican regulatory approval, and Konfío renews a credit line with J.P. Morgan….
Remittance margins are falling. Here’s why one wallet still sees a booming opportunity
Cross-border payments are less profitable than they used to be. One Mexican digital wallet is leveraging remittances partnerships to drive new revenue opportunities…
Banco de Guayaquil wants to open up new markets with ‘nanocredits’
The Ecuadorian bank’s digital spin-off plans to introduce new microcredit products, following the example of peers in the region, such as Yape, Daviplata and Nequi…
Startups borrow to maintain growth
This week, we explore the growth of alternative sources of financing for startups in the region in the face of the equity-based capital drought….